Friday, 21 October 2011

Goldrush Resources to start phase one exploration program at Pompoi permit

Junior explorer Goldrush Resources (CVE:GOD) said on Thursday that it will begin a phase one exploration program at the company’s Pompoi permit, in Burkina Faso, West Africa.
The property, adjacent to the eastern border of the Yaramoko permit held by Roxgold (CVE:ROG), rests 185 kilometres west southwest of Ouagadougou.
Goldrush said it plans to carry-out phase one exploration this November, which will include geological mapping, prospecting and close-spaced soil sampling which will help to define future targets.
This program is a follow-up to the recent discovery of two gold anomalies detected in 400 by 200 metre soil sampling, the company said in a statement.
In the southwest corner, and in the northwest to north central area of the permit, soil sampling partly defined two anomalies of more than 13 parts per billion (ppb) gold, which contained 11 and eight anomalous gold values, respectively, with individual high values up to 504 and 209 ppb.
Goldrush said the southwest anomaly had been traced over a north-south distance of 1,600 metres and an east-west range of 1,400 metres to the Pompoi-Yaramoko permit boundary. The anomalous area is 2.9 kilometres due east of Roxgold's recent Baggasi Central "55 Zone" high grade gold discovery, the company said.
Meanwhile, the northwest anomaly covers a north-south distance of 2,000 metres and an east-west range of 1,400 metres and is 2 kilometres east of the Pompoi-Yaramoko permit boundary.
The company said that closer spaced data is required to better define the orientation of the anomalous trend, or trends.
Additionally, eight separate anomalies, each composed of two adjacent samples that could represent elevated bedrock gold mineralization with strike lengths of up to 800 metres, have been documented.
Further, a single soil sampling assay of 903 ppb gold was found next to the Pompoi-Yaramoko permit boundary, about 700 metres north of Goldrush’s southwest gold-in-soil anomaly.
Goldrush, a Vancouver-based mineral explorer, concentrates on gold exploration in West Africa where the company is currently expanding and defining the Ronguen gold deposit in Burkina Faso. The deposit has an inferred resource of 5.9 million tonnes grading 1.31 grams per tonne of gold.

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